Caixabank Bonos Subordinados 2 Extra FI

Caixabank Bonos Subordinados 2 FI primarily invests in a diversified portfolio of European subordinated bonds, including convertible perpetual and contingent capital instruments that can turn into shares of large and mid-cap companies. At least 75% of the fund is allocated to these lower-priority debt securities, which may offer higher yields or have no credit ratings. Additionally, up to 25% of the portfolio can convert into equities through bond conversions. The remaining investments include public and private fixed income assets, all while excluding emerging markets to focus on established European markets.